XRP is back in the spotlight after reaching a two-year high, sparking excitement among investors. Ripple CEO Brad Garlinghouse credits this rise to a shift in the U.S. regulatory climate, which is boosting confidence in the crypto market.
Let’s explore the key reasons behind XRP’s rally and what might come next.
According to Garlinghouse, easing regulatory pressure in the U.S. is the main factor driving XRP’s price surge. He pointed to a wave of crypto-friendly policies that are lifting the outlook for U.S.-based cryptocurrencies like XRP, Solana (SOL), and Cardano (ADA).
In a recent interview with Fox Business, Garlinghouse expressed hope about the industry’s future under President-elect Donald Trump, calling him a “crypto president.” He praised Trump’s support for blockchain, describing it as a major shift after years of challenges for the crypto industry in the U.S.
Curious about XRP’s next move? Read our expert XRP price prediction and stay ahead of the curve!
The U.S. Securities and Exchange Commission (SEC) has been a major hurdle for the crypto sector. However, Garlinghouse noted that this pressure is easing as Trump plans to appoint pro-crypto leaders. This change has reduced uncertainty, allowing XRP to gain ground in the market.
Whale Activity Points to Big Moves
Another factor boosting XRP’s price is increased whale activity. The derivatives market for XRP has grown by 13%, while significant transactions—like a $52.8 million transfer—highlight growing interest from large investors.
Currently trading at around $0.91, XRP is inching closer to the $1 mark. Some analysts believe it could climb even higher, with predictions reaching as high as $1.50 if favorable conditions persist. XRP’s market cap is now $51.92 billion, and trading volume has risen by 25%, reflecting strong investor engagement.
But not everyone’s so sure. About 65% of futures trades are still short, meaning some investors are betting against the rise.
XRP’s future looks promising as the U.S. moves toward more crypto-friendly policies under Trump’s leadership. Still, the volatile nature of the crypto market means surprises are always possible. If the regulatory environment continues to improve, XRP could see further growth.
Stay tuned as we track XRP’s progress and keep you informed about the latest market developments.
Pi Coin ($PI) is rallying as it approaches the $1 mark, showing strong momentum with…
Pi Network is making headlines, with it’s price surging more than 25% in the last…
Bitcoin recently surged past $104,000, briefly touching $105,000, a level not seen in months. Analysts…
The crypto market pulses with activity as XRP tests key resistance levels, PEPE hints at…
As investors scan the market for their next big move, one token is beginning to…
Shiba Inu (SHIB), the wildly popular meme coin, has once again made a splash in…
